You are here: / / / Qingdao Doublestar lost 356 million yuan in 2024

Qingdao Doublestar lost 356 million yuan in 2024

Author: Xuda Wang Comments: 0
(Photo: Qingdao Doublestar)

Qingdao Doublestar’s 2024 annual report shows that the company’s lost 356 million yuan (about £38 million; €45 million) last year. Compared with the loss of 176 million yuan (about £19 million; €22 million) in 2023, Qingdao Doublestar’s loss more than doubled. In 2024, the tyre manufacturer’s revenue fell 6.89 per cent year-on-year.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Doublestar the only bidder left to buy Kumho
  2. Acquisition ugliness: Kumho Tire execs threaten mass resignation
  3. Doublestar back in pole-position for Kumho purchase
  4. Why Doublestar’s Kumho purchase is a good idea
Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Share this entry
Deutsche Bank upgrade preceded Goodyear stock bounce Yokohama transfers senior executives of its Chinese business

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.